Bruce Kelly

Bruce is Senior Columnist for InvestmentNews, a leading publication for financial advisors and the wealth management industry.

An award-winning journalist, Bruce’s career at InvestmentNews began in 2000, two years after the launch of the newspaper. He has covered the brokerage industry ever since, focusing on financial advisors’ pay, the products they sell, and the firms on and off Wall Street where they work.

His reporting in the financial crisis 2008 and thereafter shed light on the many shortcomings of the financial advice industry, from weak regulation to the collapse of many broker-dealers.

Bruce writes an award-winning column, On Advice, and his daily breaking news reports give clarity and insight into what’s happening behind closed doors at the largest brokerage firms in the country.

Before becoming a journalist, Bruce taught middle school and high school English in Manhattan and Caracas, Venezuela, for a decade. He is the co-author of a 2010 book, “Financial Serial Killers,” and has two children.

LinkedIn | Email

Bruce Kelly
Displaying 3504 results
Two firms post boffo adviser gains in first quarter
INDEPENDENT BROKER DEALERS MAY 27, 2020
Two firms post boffo adviser gains in first quarter

Acquisitions pay off for Rockefeller and Allworth

Twitter war erupts as Dave Ramsey defends timeshare exit endorsement
REGULATION, LEGAL & COMPLIANCE MAY 20, 2020
Twitter war erupts as Dave Ramsey defends timeshare exit endorsement

The radio host took to social media to rail against the timeshare industry

Time for Dave Ramsey to check out of this timeshare exit endorsement
OPINION MAY 19, 2020
Time for Dave Ramsey to check out of this timeshare exit endorsement

The radio host touts a business at the center of a lawsuit by Washington state's attorney general

Virtual Attraction
PRACTICE MANAGEMENT MAY 17, 2020
Virtual Attraction

There is no doubt recruiting has slowed as the financial advice industry deals with broad changes caused by the coronavirus. Can broker-dealers still recruit reps and advisers, even during a pandemic?

Finra suspends broker-dealer it previously charged with fraudulent markups
ALTERNATIVES MAY 14, 2020
Finra suspends broker-dealer it previously charged with fraudulent markups

The regulator charged Sandlapper Securities in 2017 with exorbitant markups of securities

Morgan Stanley denies report that it plans independent platform for advisers
WIREHOUSES MAY 14, 2020
Morgan Stanley denies report that it plans independent platform for advisers

Report states the wirehouse is contemplating a move to independence for some advisers

REIT sales tank during COVID-19, but one broker-dealer is still selling
ALTERNATIVES MAY 13, 2020
REIT sales tank during COVID-19, but one broker-dealer is still selling

Sales of nontraded REITs crashed in April, falling to just $310 million

Fat fees, conflicts made sales of GPB private placements 'illegal': investor complaint
ALTERNATIVES MAY 12, 2020
Fat fees, conflicts made sales of GPB private placements 'illegal': investor complaint

GPB’s strategy was destined to fail, according to the lawsuit

Advisor Group to consolidate three former Ladenburg broker-dealers
INDEPENDENT BROKER DEALERS MAY 11, 2020
Advisor Group to consolidate three former Ladenburg broker-dealers

The broker-dealers will be rolled into Securities America

Advisor Group loses another giant team, this time to LPL
INDEPENDENT BROKER DEALERS MAY 04, 2020
Advisor Group loses another giant team, this time to LPL

JFC Financial Services, with a reported $3 billion in assets, moves to LPL